The Group Managing Director, United Bank for Africa (UBA) Group, Oliver Alawuba, says UBA America continues to serve as the settlement and payment bank for several African lenders on businesses within the United States and beyond.
He spoke during the bank’s partnership with Devex, a social enterprise and media platform for the global development community, to host flagship event on the sidelines of the World Bank-International Monetary Fund (IMF) Annual Meetings, in the United States.
Alawuba said UBA’s priority remains to get things done from the perspective of the customer in Africa, America and across all the markets where it operates, ensuring their expectations are met.
“We are proud to say that UBA is the only bank operating from Africa that is present in the America with the national banking licence, and fully regulated by the US government. And that is a very prime position for us to support payments and settlements of businesses originating out of Africa or between Africa and the rest of the world,” he stated.
According to Alawuba, UBA America is 40 years old operating in America. He disclosed that the bank has been serving as settlement bank for so many banks, stepping in to make it easy for banks out of Africa to have seamless transactions in America.
He said that UBA America understands the African businesses, and has operations in 24 African countries. He said the bank’s long network enables it to have access to foreign exchanges across several countries, and is optimising them efficiently.
Alawuba said that UBA is in Africa and rest of the world for a long term. He said: “UBA is not just about banking. UBA is about sharing, and as we do that, we push ourselves to change the lives of Africans, actually making sure customers are getting the best of banking services”.
He said that as a thriving global financial institution with operations across 20 African countries and four business nerve centres including US, UK, France and UAE, UBA focuses on empowering other business owners to build sustainable businesses.
Also speaking, Chief Executive Officer, UBA America, Sola Yomi-Ajayi, said UBA has been operating in the United States for the past 40 years.
She said: “We have been operating in the United States for 40 years. We secured our banking license here in 1984 and since then, we have actually been providing banking services to corporate institutions doing business in Africa, and in the United States”.
Yomi-Ajayi, also said that UBA America works with the total value chain of the development sector, enabling them towards achievement of the Sustainable Development Goals (SDGs).
He said the bank is enabling them to leverage its network providing solutions to their banking needs.
Credit: thenationonlineng.net
